- Three American sports celebrities have agreed to pay $2.425 million in Voyager settlement.
- Rob Gronkowski will pay the lion’s share of $1.9 million among the three celebrities.
- Victor Oladipo will pay $500,000, while Landon Cassill will pay $25,000.
Three American sports celebrities have agreed to pay $2.425 million in monetary relief as settlements over the allegation that they promoted the now-bankrupt cryptocurrency exchange, Voyager Digital. A publicized agreement shows that Retired NFL star Rob “Gronk” Gronkowski, NBA player Victor Oladipo, and NASCAR driver Landon Cassill reached settlements without agreeing or denying the allegations.
With the recent agreement, the plaintiffs have settled with Gronkowski, Oladipo, and Cassill, leaving Co-Defendants Mark Cuban and the Dallas Mavericks as the remaining Defendants for trial in November 2024.
Meanwhile, Gronkowski will pay the highest amount among the three individuals, as the agreement demands the retired NFL star to pay up to $1.9 million. His role in the Voyager debacle includes serving as a Voyager partner, brand ambassador, shareholder, and VGX tokenholder from September 2021. According to reports, Gronkowski agreed to pay the settlement out of empathy for his fans despite losing money himself with the defunct crypto exchange.
On their part, Oladipo and Cassill will pay $500,000 and $25,000 in settlement respectively to complete the total of $2.425 million. The agreement noted that the total sum would provide relief to individuals in the U.S. who enrolled in the Voyager Earn Program Account or purchased VGX tokens from October 2019 to the preliminary approval date.
Voyager collapsed in early July 2022 after the crypto exchange filed for Chapter 11 bankruptcy protection. The plaintiffs commenced a class action around August of the same year, filing a lawsuit entitled Dominik Karnas, et al. v. Mark Cuban, et al. They amended the complaint at the end of October, adding claims against the settling defendants.
Reportedly, the plaintiffs plan to request an additional $792,000 in settlement for attorney fees incurred in the litigation process. It is essential to note that the settlements were negotiated through mediation. It also aimed at resolving whether Voyager products were unregistered securities and if the promoters solicited investors.
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